We were extended a significant LC last year, in hopes of moving some commodities internationally. The supplier fell through, as have many others, so we are looking for business ideas to use our LC.
We have a great US business, but it does not require the LC. We have the leverage, and would like to use it.
Are there areas of business we should be looking at that maybe we aren't? Are there uses we have not thought of?
Please let us know your thoughts, as we are not well versed.
Marty
LC but need business
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obscuren
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L59099
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Re: LC but need business
it seems that you are in the position of applicant, depending on your trusrworthing and bargaining position, you can suggest other methods like TT in advance and collection in case that LC is not required